Operations: Huishang Bank Corporation Limited generates revenue through its diverse range of commercial banking products and services in China.

Dividend Yield: 5.9%

Huishang Bank's dividend payments have been volatile over the past decade, with a low payout ratio of 14% indicating they are well-covered by earnings. Despite this coverage, the dividend yield of 5.92% is lower than the top quartile in Hong Kong. Recent financials show net income growth to CNY 8.63 billion for H1 2024, suggesting profitability improvements, although net interest income slightly decreased year-over-year. The bank's dividends are forecasted to remain covered in three years.

• Click here to discover the nuances of Huishang Bank with our detailed analytical dividend report.

• Our comprehensive valuation report raises the possibility that Huishang Bank is priced lower than what may be justified by its financials.

China Unicom (Hong Kong)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: China Unicom (Hong Kong) Limited is an investment holding company that offers telecommunications and related value-added services in the People’s Republic of China, with a market cap of HK$234.69 billion.

Operations: China Unicom (Hong Kong) Limited generates revenue from its Wireless Communications Services segment, which amounts to CN¥378.11 billion.

Dividend Yield: 4.9%

China Unicom (Hong Kong) offers a dividend yield of 4.86%, below the top quartile in Hong Kong, yet its payouts are sustainable with a 58% earnings payout ratio and 68% cash flow coverage. Despite a history of unstable dividends, recent increases and solid earnings growth—10.7% over the past year—indicate potential for future stability. Recent executive changes and strong operational metrics, including substantial subscriber growth, highlight ongoing strategic developments amidst governance challenges.

• Get an in-depth perspective on China Unicom (Hong Kong)'s performance by reading our dividend report here.

• Insights from our recent valuation report point to the potential undervaluation of China Unicom (Hong Kong) shares in the market.

Summing It All Up

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SEHK:2348 SEHK:3698 and SEHK:762.

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